[jocon307]

I keep hearing all about the US Energy boom, but I’m still paying over $3.50 at the gas pump.

Can anyone explain that to me?

[thackney]

Yes, while US production is climbing, we still import about 7 million barrels per day.

There is little climb in the world's oil production outside the US lately.

The world demand for oil continues to climb right along with production growth.

Also, the US production growth is coming from the shale fields, which are far more expensive to produce and have a faster decline rate than the old traditional fields.